The First National Bank of Elbow Lake
Elbow Lake, MN · Owner: First Natl Elbow Lake Bancshares
$14.2M
total assets, March 31, 1987
$14.2M
total assets, March 31, 1987
The First National Bank of Elbow Lake was a national bank in Elbow Lake, MN, owned by First Natl Elbow Lake Bancshares. It failed on May 14, 1987, and First NB Of Fergus Falls took over its deposits. At its last report it held $14.2 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1987
This bank failed
- Failed on
- May 14, 1987
- Assets
- $14.2M
- Deposits
- $15.7M
- Estimated cost
- $7.7M
- Deposits went to
- First NB Of Fergus Falls, Fergus Falls, MN
Total assets
$14.2M
-22.1% in a year · -20.6% in a quarter
Deposits
$15.7M
+1.1% in a year · -7.6% in a quarter
Loans
$12.4M
-7.4% in a year · -2.6% in a quarter
Profit so far
-$3.6M
Jan 1 to Mar 31, 1987 · -8590.5% in a year
Capital ratio
-16.33%
-26.42 pts in a year
Return on assets
-89.16%
-90.08 pts in a year
Facts
- Type
- National bank
- Head office
- 14-22 Central South, Elbow Lake, MN, 56531
- County
- Grant
- Holding company
- First Natl Elbow Lake Bancshares
- Established
- Jan 1, 1891
- Failed
- May 14, 1987
- Employees
- 14
- Id
- b5135
Quarter by quarter
March 31, 1984 to March 31, 1987
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is The First National Bank of Elbow Lake?
$14.2 million in total assets and $15.7 million in deposits as of March 31, 1987, with assets down 22.1% from a year before. Its loans were $12.4 million.
Is The First National Bank of Elbow Lake profitable?
No: it lost $3.57 million from January 1 to March 31, 1987. Its return on assets was -89.16% a year; about 1% is typical.
Who owns The First National Bank of Elbow Lake?
The First National Bank of Elbow Lake is owned by First Natl Elbow Lake Bancshares, its holding company.
When did The First National Bank of Elbow Lake fail?
May 14, 1987. First NB Of Fergus Falls of Fergus Falls, MN took over its deposits. The estimated cost of the failure was $7.72 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.